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The company currently has nine ongoing projects across the Klang Valley, Johor and Perak with total unbilled sales of RM808 million as at March 31,2014. New launches include the last phase of One South (SoHo and service apartments) in Selangor with a GDV of RM185 million, Puchong$/Vest (serviced apartments) with KM300 million GDV,
Senawang Link comprising terrace factories and shop offices in Negri Sembilan
with RM26 million GDV, Taman Pulai Indah (residential township) in Johor with RM26 million GDV, Taman Pulai Hijauan (residential township) in Johor with RM127 million and Citywoods in Johor with RM216 million GDV, residential township known as Bandar Universiti Seri Iskandar in Perak with RM130 million GDV and Greenview Residence in
Perak with RM12 million GDV

PROPERTY developer Hua Yang Bhd expects Johor to drive the sales momentum for the group in the financial year ending March 31,2015. About 40% of the total gross development value (GDV) of the new launches nationwide for the current financial year is from Johor.

Hua Yang launches its first high­rise residential project in Johor.The RM216m project has received 50% registration since early August.
http://huayang.listedcompany.com/newsroom/MY_3095_20140926_N_TEFD_HB_pg1-20_6f312.pdf

KUALA LUMPUR: RHB Research has initiated coverage on Hua Yang with a Buy call and a target price of RM2.76.

“Given the company’s entrenched position in the affordable housing segment, we believe that it will stand tall amid the anticipated weakening demand for property over the next three to six months as a result of policy curbs,” it said in a note on Wednesday.

RHB said Hua Yang continues to strengthen its presence as a quality developer in affordable housing at RM500,000 per unit and below segment.

“The outstanding gross development value (GDV) of the company’s landbank, currently concentrated in the Klang Valley, Perak and Johor, is about RM4.12bil.

“This includes RM1bil of GDV slated for launch in FY14. Hua Yang will continue to target local first-time home buyers, especially those in the 25 to 40 years age group, which makes up about 46% of Malaysia’s population,” it said.

RHB said despite the recent tightening measures, management is confident of delivering about RM600mil in new sales in financial year 2014.

“This will be underpinned by RM791mil of launches planned for second half of 2014. Among the most highly-anticipated of its new launches is the Sentrio Suites high-rise project in Desa Pandan, Kuala Lumpur with a GDV of RM213mil.

“Launches from its flagship One South project in Seri Kembangan in Selangor, are also expected to boost FY14 sales. The company’s current unbilled sales total RM558.9mil,” it said.

The research house said with about RM3.05bil in future GDV to be launched beyond FY14, it believes Hua Yang’s earnings will be sustained over the next two to three years.

“The main earnings driver will likely be its Puchong land, which has an estimated GDV of RM1.54bil. This development will replace One South, which has 26.5% of GDV remaining,” it said.

Bonus issue of 66,000,000 new ordinary shares of RM1.00 each in Hua Yang Berhad(Shares) (Bonus Shares) on the basis of one (1) Bonus Share for every three (3)existing Shares held in Hua Yang Berhad (Hua Yang) at 5.00 p.m. on 14 October2013 (Entitlement Date)(Bonus Issue)

Hi weii, as this is private placement no way the public can buy at this price. Second of all, it definitely will have effect on the per share value e.g. earning per share, net asset per share, free cash per share etc....

i have another query, why Huayang chose to raise fund thru private placement but not other way e.g. right issue (so everybody can buy)?

I don't care it whether the profit will be diluted or not. The more important point is future of the company and the profit gaining power of company still strong.

Basic counting, PE of HUAYANG still below 5 !!!!

I think it's difficult to find a company low PE and high d...

how the effect of the outstanding private placement on the EPS we can easily calculate...

in terms of earning power, if we hav sound proof tht the company can continue to perform well in future, then it is a good counter. From the Huayang past record, its earning power is average untill 2 yrs back.

Of cos i agreed that Huayang concept is good, i.e. buid houses tht are affordable to everyone.

which means they are raising fund thru private institution or watever but definitely not thru the public. In other words, your current share holding with Huayang will be diluted....correct me if i'm wong

I don't care it whether the profit will be diluted or not. The more important point is future of the company and the profit gaining power of company still strong.

Basic counting, PE of HUAYANG still below 5 !!!!

I think it's difficult to find a company low PE and high dividend yield as HUAYANG in main board now.

which means they are raising fund thru private institution or watever but definitely not thru the public. In other words, your current share holding with Huayang will be diluted....correct me if i'm wong

which means they are raising fund thru private institution or watever but definitely not thru the public. In other words, your current share holding with Huayang will be diluted....correct me if i'm wong

Yup. It will be diluted. But i think there is an advantage, i.e the liability is not increasing by doing the private placement.

1. Details of Corporate Proposal Whether the corporate proposal involves the issuance of new type and new class of securities? No Types of corporate proposal : Private Placement Detai...

which means they are raising fund thru private institution or watever but definitely not thru the public. In other words, your current share holding with Huayang will be diluted....correct me if i'm wong

1. Details of Corporate Proposal Whether the corporate proposal involves the issuance of new type and new class of securities? No Types of corporate proposal : Private Placement Detai...

Hi Weiiii,

Private placement is a way to raise fund for the company by issueing more share in market at an offer price RM1.82. But i think this is only short term effect, long term still looks promising. Please correct me if i'm wrong.

18. Dividend PayableFor the financial year ended 31March2012, the Board of Directors propose a first and final gross dividend of 15% per share,less income tax of 25% amounting to RM16.2million, subject to the approval of shareholders at the forth coming Annual General Meeting.

22. Current Year ProspectThe Group is satisfied with the steady growth, strong demand and sales achieved for the year ended 31 March 2012. Despite the uncertainties in the global economy, couple with the challenging and competitive business environment, the Group remains optimistic of posting improved results for the next financial year and being able to sustain through these challenges

The ongoing development has a gross development value of RM80 million for the 2013 financial year, Hua Yang said in a statement.

"To further enhance the facilities, lifestyle and business hub of BUSI, we will be previewing the Pedestrian Mall at our sales launch on March 10," said Tony Ng, its Branch Manager for Perak.

"We will also launch three types of affordable homes, priced from RM130,000 to RM180,000 for a single-storey to a double-storey linked house," he added.

One of the main highlights of BUSI is the 38-acre natural lake fronting the contemporary series of homes called EcoLake@BUSI Homes.

"The Sierra semi-detached homes, part of EcoLake@BUSI Homes series, is a gated and guarded concept complete with an exclusive park and a view of the lake," Ng said.

BUSI is planned as an integrated lakeside township complete with facilities and amenities including commercial shoplots, hospitals, schools, education centres, budget hotels, club house and pedestrian mall.

The development, Hua Yang's biggest township project in the country, is 40 per cent completed while the remaining 60 per cent is scheduled for completion over the next 12 years.

Hua Yang Bhd plans to launch affordable housing projects with a total gross development value (GDV) of about RM500 million in the Klang Valley in its 2014 financial year.

Chief executive officer Ho Wen Yan said: "We are in the midst of securing land bank for these mixed development projects. The first launch will be in the next financial year."

He told Bernama today that the affordable housing projects would be in Selayang, Seri Kembangan and Desa Pandan.

"The company is constantly looking to replenish its landbank with specific areas in the Klang Valley being considered are Selayang, Seri Kembangan and Desa Pandan," he said.

Ho said the projects would take between three and five years to complete.

He also said that the company planned a gated development with a GDV of RM70 million in Perak in its financial year ending March 31, 2013.

According to Ho, the company was currently in the process of purchasing a piece of land, which was strategically located in Perak for the gated development. The project will comprise affordable terrace houses measuring 22x70 feet with price tags below RM400,000.

Ho said the company would continue to focus on affordable houses, a segment which Hua Yang had been getting tremendous response since it started its property business in 1978.

"We've been selling between 30 per cent and 50 per cent of our properties during our launches,” he said.

Hua Yang is in the midst of developing five projects with a total GDV of about RM983 million of which 85 per cent of the properties worth RM835 million have been sold.

Two of the five projects, namely Symphony Heights and One South with GDV of RM205.7 million and RM515.3 million respectively, are in Selangor.

Another project, Senawang Link which carries a GDV of RM17.8 million, is located in Negeri Sembilan. Its other two ongoing projects, Bandar Universiti Seri Iskandar with a GDV of RM56.3 million is in Perak while Taman Pulai Indah which has a GDV of RM187.8 million is in Johor. -- BERNAMA

Hua Yang CEO Ho Wen Yan’s ambition does not differ from the founder of the company, none other than his late father, Ho Mok Heng, who aspired to build quality homes in strategic locations that were affordable for everyone.

KUALA LUMPUR: Hua Yang Bhd is on a drive is to see the country does well by providing good homes for first-time buyers.

“From the first house, the buyer can build a family unit, who will then develop the nation. It all starts with having a good home,” said Hua Yang chief executive officer (CEO) Ho Wen Yan.

Ho’s ambition does not differ from the founder of the company, none other than his late father, Ho Mok Heng. Mok Heng aspired to build quality homes in strategic locations that were affordable for everyone.

From the first project, comprising eight units of four-storey shops in Ipoh, Perak, the group expanded to other states. Today, it has completed over 10,000 commercial and residential units worth RM1.2 billion.

As a trained architect, Ho is very passionate about buildings and urban planning.

Ho, who holds a Masters of Science degree in Construction Economics and Management from University College London, practiced architecture in the UK prior to joining Hua Yang. In 2003, he was made Hua Yang’s project coordinator in Johor and promoted to chief operating officer in June 2007.

Come next month, it will be a year since Ho has led as the group’s CEO.

“Here, we treat everyone as equal … Everyone drives the business for the company,” he said.

Married with one child, 37-year- old Ho likens his job to a cheerleader. “My role is to support them (employees), so that they can produce good work for the company.”

He believes that Hua Yang has the right balance of experiences and perspectives to expand further.

“We have a right balance as the board consists of more senior people, while the younger people are on the operation side,” he said.

He himself taps the experience of those who have served the company longer than him. “As a young CEO, it gives me a different perspective and drive,” he said.

Ho’s emphasis in family life and health are reflected in the group’s activities, which involve sports and family outings.

Rev came in 84m, was 6m below calculation target.which showed remain Gardenz booking will continue to flow into Q4.

Unbilled sales 505m is another astonishing number. It is a solid 110m increase in 3mth (vs last quarter end), which even higher than Rev of 84m. This number indicated:...

I have checked their dividend payout for pass few years. The dividend payout is around 25 - 33%. Assume 10.20 cent dividend, the DY is around 7-8% at the current price of RM1.35, still quite attrative. .

But my only concern is whether their business can be sustainable at this level since property industry can be very fluctuating especially for coming years.

Rev came in 84m, was 6m below calculation target.
which showed remain Gardenz booking will continue to flow into Q4.

Unbilled sales 505m is another astonishing number. It is a solid 110m increase in 3mth (vs last quarter end), which even higher than Rev of 84m. This number indicated:
- ONE-South Gardenz & Symphony Heights GDV appreciation happened as expected 10%-13%, give very good positive effect to SOHO and Desa Pandan projects.
- 2.7x of FY11 yearly revenue, => a clear visibility earnings for up to the following 4Q.

36% increase of Landbank held for property development, amounted 202m (i believe they are the acq Shan Alam 3.73ac and Desa Pandan 1.55ac) continue to see HYB again demonstrating in careful-aggressive selection of strategic land for all its projects.

With this, HYB is right on track to blow the 55m earnings this year, giving 38.68cent EPS. At conservative 26% payout ratio, 10.20cent dividend could be expected.

KUALA LUMPUR (Jan 18): HUA YANG BHD earnings jumped 90% to RM14.57 million in the third quarter ended Dec 31, 2011 from RM7.68 million a year ago underpinned by better sales of its homes. It also recorded unbilled sales of RM505 million.

It said on Wednesday its revenue rose 70.8% to RM84.25 million from RM49.30 million while earnings per share were 10.12 sen versus 5.33 sen.

Chief financial officer, May Chan said total sales achieved for the third quarter was RM175 million, an increase of 141% from a year ago.

For the nine-month period, the property company chalked up strong growth in earnings and revenue.

Its earnings rose 136% to RM39.94 million from RM16.90 million in the previous corresponding period while its revenue increased 81.8% to RM222.13 million from RM122.15 million.

Chan said the strong financial performance was due to better sales achieved for phases under development and steady recognition of CONSTRUCTION progress. There was a strong demand for its projects nationwide, she added.

“Our homes in the Klang Valley, Ipoh and Johor have received positive response from the mass, middle-income segment consisting of first-time homebuyers and up-graders. The My First Home Scheme (MFHS) has also contributed to sales, particularly for our projects outside of the Klang Valley,” she said.

Cumulative sales for the period stood at RM451 million, surpassed the sales of RM310 million in FY ended March 31, 2011.

“With unbilled sales for the financial quarter standing at approximately RM505 million, we are confident of improved earnings visibility for the group going forward. We will continue to strive for a stronger finish in our next financial quarter,” said Chan.